Ny Nanum Foundation Inc
- Assets
- $247.3k
- Revenue
- $107.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Northvale, NJ
- Founding
- 10/2003
- Data as of
- 12/2020
- EIN
- 41-2107220
Organization Overview
Ny Nanum Foundation Inc is located in Northvale, NJ. The organization was established in 2003. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NY Nanum Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, NY Nanum Foundation Inc generated $107.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $133.0k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, NY Nanum Foundation Inc has awarded 71 individual grants totaling $764,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT COMMUNITY BASED PROGRAMS FOR THE SENIORS, YOUTHS, WOMEN, IMMIGRANTS AND DISABILED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT TEEN DATING, VIOLENCE, EDUCATION AND TEEN OUTREACH PROGRAMS FOR YOUTHS
SUPPORT HOME BOUND MEAL DELIVERY AND CAREGIVER PROGRAMS FOR SENIORS
SUPPORT AFTER SCHOOL PROGRAMS FOR THE CHILDREN WITH SPECIAL NEEDS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eunice E Lee President And Chair | OfficerTrustee | 2 | $0 |
Jason Chon Treasurer | OfficerTrustee | 2 | $0 |
Kevin Lee Secretary | OfficerTrustee | 2 | $0 |
Yongkeun Cho Director | Trustee | 2 | $0 |
Young Kil Kim Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,800 |
| Total Program Service Revenue | $0 |
| Investment income | $235 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,940 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $106,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $79,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $42,500 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,468 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,647 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $132,994 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $247,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $247,310 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $79,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $79,000 |
| Net assets without donor restrictions | $168,310 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $247,310 |
Grants Awarded
Over the last fiscal year, Ny Nanum Foundation Inc has awarded $79,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Palisades Park, NJ PURPOSE: SENIOR AND IMMIGRANT | $30,800 |
GIVE CHANCES PURPOSE: YOUTH | $13,200 |
New York, NY PURPOSE: IMMIGRANT | $10,000 |
KOREAN COMMUNITY CENTER PURPOSE: IMMIGRANT | $10,000 |
Bayside, NY PURPOSE: DISABILITY | $5,000 |
New York, NY PURPOSE: IMMIGRANT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ny Nanum Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Chon Family Foundation Inc Alpine, NJ PURPOSE: TO ASSIST PURPOSE OF DONEE ORGANIZAT | $10,000 |
In His Presence Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Childrens Health Defense Franklin Lakes, NJ | $11,057,001 | $15,990,132 |
Big Initiatives Incorporated Brooklyn, NY | $1,855,703 | $3,522,565 |
International Association Of Heat & Frost Insulators & Allied Workers Aliquippa, PA | $13,053,886 | $8,881,543 |
Internal Assn Of Heat & Frost Insulators & Asbestos 91 Welfare F Peekskill, NY | $4,005,910 | $2,671,151 |
American Littoral Society Highlands, NJ | $1,628,305 | $2,690,003 |
Regional Greenhouse Gas Initiative Inc New York, NY | $1,119,792 | $2,159,295 |
Anderson-Rogers Foundation Inc New York, NY | $21,997,471 | $1,111,279 |
3 Rivers Wet Weather Inc Pittsburgh, PA | $303,732 | $1,117,551 |
The Citizens Campaign Inc Metuchen, NJ | $134,854 | $592,682 |
Climate Analytics Inc New York, NY | $628,039 | $1,445,865 |
The Center For Community Transportation Inc Ithaca, NY | $430,179 | $882,120 |
Oceanic Global Foundation Brooklyn, NY | $874,788 | $1,347,507 |